Thatcherism

Thatcherism refers to the political and economic policies associated with Margaret Thatcher, who was the Prime Minister of the United Kingdom from 1979 to 1990. It emphasizes free market principles, reducing the role of the state in the economy, and promoting individual entrepreneurship. Key features include privatizing state-owned industries, reducing government spending, and weakening trade unions. Thatcherism aimed to boost economic growth and personal responsibility, but it also led to significant social changes and divisions, particularly in regions reliant on manufacturing jobs. Its legacy continues to influence British politics and economic thought today.